ExxonMobil (XOM) Divests Stake in Gulf of Mexico Fields

01.03.24 17:44 Uhr

Werte in diesem Artikel
Aktien

111,82 EUR 0,02 EUR 0,02%

11,17 USD 0,35 USD 3,23%

Indizes

PKT PKT

14.855,4 PKT -28,9 PKT -0,19%

2.397,8 PKT -3,5 PKT -0,14%

5.051,4 PKT -10,4 PKT -0,21%

Exxon Mobil Corporation XOM entered an agreement to divest its interest in the Gulf of Mexico’s Ursa and Princess fields.Esperanza Capital Partners (“ECP”) and Andros Capital Partners are acquiring the stake as a joint venture (JV). The financial details of the deal have not been disclosed, marking a significant move for both buyers and the seller.The JV between Esperanza Capital Partners and Andros Capital Partners is strategically aimed at the acquisition and further development of upstream assets in the deep-water regions of the Gulf of Mexico.The divestment includes the current production from Ursa, which stands at 8,500 barrels of oil equivalent per day, primarily consisting of oil. The deal encompasses related infrastructure, notably the Ursa Tension Leg Platform host facility, further solidifying the JV's foothold in the region.The Ursa field encompasses several Mississippi Canyon Federal OCS Blocks, including 765, 766, 808, 809, 810, 852, 853 and 854.Once the transaction closes, Esperanza will secure a 15.96% interest in the Ursa field. The move is seen as a strategic divestiture for ExxonMobil, allowing the company to reallocate resources and focus on other priorities.Esperanza Capital Partners views this acquisition as a transformative transaction that aligns with the firm's fundamental strategy laid out at its inception. This marks Esperanza’s third investment in the Gulf of Mexico, carried out in partnership with Cockrell Interests LLC.In a separate development, Vista Energy, an Argentina-based shale-oil producer, is exploring the acquisition of assets from ExxonMobil to enhance its presence in Argentina’s Vaca Muerta formation, a key shale oil and gas reservoir. This potential acquisition underlines the global nature of the reshaping of the energy sector, as companies seek to optimize their portfolios and invest in strategic assets around the world.The series of transactions highlights the dynamic nature of the energy sector, with key players continuously adjusting their strategies to navigate the complex landscape of global energy production and investment.Zacks Ranks & Stocks to ConsiderExxonMobil currently carries a Zacks Rank #3 (Hold).Investors interested in the energy sector may look at some better-ranked companies mentioned below. The three companies presently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Valaris VAL is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, the company has worked in nearly every major offshore basin.The Zacks Consensus Estimate for VAL’s 2024 EPS is pegged at $4.75. Valaris has witnessed upward earnings estimate revisions for 2024 in the past 60 days. VAL’s 2024 earnings are expected to soar 118.5% year over year.Murphy USA Inc. MUSA is a leading independent retailer of motor fuel and convenience merchandise in the United States.The Zacks Consensus Estimate for MUSA’s 2024 EPS is pegged at $25.58. The company has a Zacks Style Score of A for Growth and B for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.Energy Transfer ET is a publicly traded limited partnership focused on diverse energy assets in the United States. The company’s core operations involve natural gas midstream services, transportation, storage, crude oil facilities and marketing assets.The Zacks Consensus Estimate for ET’s 2024 EPS is pegged at $1.44. The company has witnessed upward earnings estimate revisions for 2024 in the past 30 days. ET’s 2024 earnings are expected to rise 12.4% year over year.Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Valaris Limited (VAL): Free Stock Analysis Report Murphy USA Inc. (MUSA): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

Ausgewählte Hebelprodukte auf ExxonMobil

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf ExxonMobil

NameHebelKOEmittent
NameHebelKOEmittent
Werbung

Quelle: Zacks

Nachrichten zu ExxonMobil Corp. (Exxon Mobil)

Analysen zu ExxonMobil Corp. (Exxon Mobil)

DatumRatingAnalyst
06.12.2023ExxonMobil OverweightJP Morgan Chase & Co.
06.12.2023ExxonMobil BuyUBS AG
07.06.2022ExxonMobil NeutralCredit Suisse Group
21.04.2022ExxonMobil OutperformRBC Capital Markets
30.03.2022ExxonMobil OverweightJP Morgan Chase & Co.
DatumRatingAnalyst
06.12.2023ExxonMobil OverweightJP Morgan Chase & Co.
06.12.2023ExxonMobil BuyUBS AG
21.04.2022ExxonMobil OutperformRBC Capital Markets
30.03.2022ExxonMobil OverweightJP Morgan Chase & Co.
10.03.2022ExxonMobil OverweightBarclays Capital
DatumRatingAnalyst
07.06.2022ExxonMobil NeutralCredit Suisse Group
01.02.2022ExxonMobil Sector PerformRBC Capital Markets
01.02.2022ExxonMobil HoldJefferies & Company Inc.
19.01.2022ExxonMobil Sector PerformRBC Capital Markets
07.01.2022ExxonMobil NeutralCredit Suisse Group
DatumRatingAnalyst
02.12.2021ExxonMobil UnderperformRBC Capital Markets
29.10.2021ExxonMobil UnderperformRBC Capital Markets
02.06.2021ExxonMobil UnderperformRBC Capital Markets
30.04.2021ExxonMobil UnderperformRBC Capital Markets
04.03.2021ExxonMobil UnderperformRBC Capital Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für ExxonMobil Corp. (Exxon Mobil) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"